Investor enthusiasm continues for all things Internet-related, as Broadcom Corp. lived up to lofty expectations in its debut as a public company, soaring Friday to as high as $70 a share from the stock's initial offering price of $24.

Shares of the Irvine, Calif., company opened at $62 Friday and jumped eight dollars higher before settling back to close at $53.625 on the Nasdaq Stock Market. Broadcom's initial bounce is the largest among IPOs this year.